Fair Isaac Co. (NYSE:FICO) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of Fair Isaac Co. (NYSE:FICO) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,253 shares of the technology company’s stock after selling 6,657 shares during the period. Legal & General Group Plc owned approximately 0.82% of Fair Isaac worth $302,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FICO. EverSource Wealth Advisors LLC lifted its position in Fair Isaac by 1.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 407 shares of the technology company’s stock worth $651,000 after acquiring an additional 7 shares during the period. Bradley Foster & Sargent Inc. CT raised its stake in shares of Fair Isaac by 2.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 330 shares of the technology company’s stock worth $491,000 after purchasing an additional 8 shares during the last quarter. Western Financial Corp CA lifted its holdings in shares of Fair Isaac by 1.3% during the second quarter. Western Financial Corp CA now owns 717 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 9 shares during the period. Tortoise Investment Management LLC grew its position in Fair Isaac by 81.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 20 shares of the technology company’s stock valued at $30,000 after buying an additional 9 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Fair Isaac by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 326 shares of the technology company’s stock valued at $407,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FICO. Wolfe Research initiated coverage on shares of Fair Isaac in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $1,725.00 target price for the company. Wells Fargo & Company upgraded shares of Fair Isaac to a “strong-buy” rating in a research report on Tuesday, August 13th. Barclays boosted their target price on Fair Isaac from $1,800.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Royal Bank of Canada increased their target price on Fair Isaac from $1,350.00 to $1,500.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Finally, Oppenheimer began coverage on Fair Isaac in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $1,967.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,582.58.

Insider Buying and Selling

In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the completion of the transaction, the chief financial officer now owns 575 shares of the company’s stock, valued at $997,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fair Isaac news, CFO Steven P. Weber sold 1,800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $1,735.00, for a total transaction of $3,123,000.00. Following the sale, the chief financial officer now directly owns 575 shares of the company’s stock, valued at approximately $997,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Kirsner sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,697.06, for a total transaction of $5,091,180.00. Following the completion of the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at approximately $22,065,174.12. The disclosure for this sale can be found here. Insiders sold 15,261 shares of company stock worth $26,291,370 in the last ninety days. Insiders own 3.54% of the company’s stock.

Fair Isaac Stock Down 0.2 %

Shares of FICO stock opened at $1,919.65 on Friday. Fair Isaac Co. has a fifty-two week low of $811.99 and a fifty-two week high of $1,962.83. The business has a fifty day simple moving average of $1,748.03 and a 200-day simple moving average of $1,477.34. The stock has a market cap of $47.44 billion, a P/E ratio of 100.77, a P/E/G ratio of 4.69 and a beta of 1.34.

Fair Isaac (NYSE:FICO) last announced its earnings results on Wednesday, July 31st. The technology company reported $4.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.34). The business had revenue of $447.85 million for the quarter, compared to analyst estimates of $448.53 million. Fair Isaac had a negative return on equity of 60.67% and a net margin of 28.94%. On average, sell-side analysts anticipate that Fair Isaac Co. will post 19.19 earnings per share for the current year.

Fair Isaac announced that its Board of Directors has approved a share buyback plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.